Cyprus Passport

If you are a non-Cypriot citizen and buy a real estate in Cyprus, then it is possible to apply for a Cypriot Passport / EU citizenship. The vast majority of non-Cypriot citizens need the Cypriot passport / EU citizenship in order to invest in real estate. The procedure is very simple and it takes approximately 6 months.

Financial criteria

In order to apply for Cyprus citizenship, investors need to submit a stand-alone application before investing and must be retained for a period of 3 years. If the value of one of the properties is of at least €500.000 (excluding VAT) the applicant must have invested at least €2 million in one or more residential properties.

Benefits of Cypriot Passport

Free movement within the EU: travel, work, live

Free travel visa to more than 150 countries

Passed on to family members

If the stay exceeds 183 days, then the investor does not become a tax resident

You do not need to reside in Cyprus before or after the acquisition of the passport

Investors are allowed to keep their original passport.

It is not requested to pass any test regarding the language

Investors can rent their permanent residence

Investors can also sell the permanent residence in Cyprus provided the fact that another permanent residence will be purchased

The applicant’s parents are allowed to apply for the Cypriot citizenship given the fact that they own a lifetime residence of at least €500.000 (excluding VAT). The application is submitted after the investor had acquired the Cypriot citizenship.